French CAC 40 Index Retreats, Macron Victory Priced In

Brunilde Fioravanti
Mag 10, 2017

The rejection of Le Pen, like the defeats of far-right candidates in the recent national elections in Austria and the Netherlands, gives hope that the audience for such hateful politics may not be as large as feared.

Nigel Farage, former leader of Britain's UKIP party and a leading campaigner for Brexit, said what many in Europe may be thinking when Sunday night celebrations wear off: "If Marine sticks in there, she can win in 2022". There's every chance that Macron will end up having to govern in a so-called "cohabitation" with representatives from parties beyond his nascent political movement, En Marche, which is being renamed as La Republique En Marche (Republic on the Move).

As It Happens host Carol Off spoke with McLoughlin about Macron's historic win and what happens next.

Had she won, she says she would have immediately worked to pull France out of the European Union and North Atlantic Treaty Organisation and put francs - and not the euro - back in the pockets of the French. His team is incredibly smart, young and is from the same generation.

"I can tell you that the federal government's dismissive attitude toward euro bonds remains valid", government spokesman Steffen Seibert told a regular news conference when asked if Germany would back Macron should he push for euro bonds.

"We know that we have a very big responsibly for the next five years because Marine Le Pen has had a very big score and has managed to get to the second round, which is very serious to us, and what we want to do now is make sure that doesn't happen again in five years".

Some 33 percent of respondents in an Ipsos poll said they voted Macron because they were won over by the political renewal they saw in him.

However, a senior Republican, Christian Estrosi, who had backed Macron and been rumoured to rally behind him, said on Monday he had turned down a ministerial post in order to focus on his home city of Nice. We will be announcing their names next week.

The newly-elected President of France claimed that misogyny and homophobia were to blame for assumptions that he could not be in love with his wife who is 24 years his senior.

The fact is that even the ongoing terror attacks and various problems caused by waves of immigrants weren't enough to shake a majority of the French people out of their well worn areas of comfort. They don't trust them anymore. "Let us work in France and Spain for a stable, prosperous and more integrated Europe", Spanish Prime Minister Mariano Rajoy said in a tweet.

In a time of dramatic, applecart-upsetting votes-the American and Austrian presidential elections, the Dutch general elections and the Brexit referendum-this might come as a surprise.

"This is the beginning of a new era".

There are also signs from within her party and grand right-left coalition that it might not be just smooth sailing between the two. I think she will be delighted at his arrival in power and so that will become the natural axis for French European policy, to work closely with Germany. For the third straight election in Europe, populists have fallen short _ first Austria's Norbert Hofer was defeated in the country's presidential election; then far-right leader Geert Wilders did a lot worse than anticipated in Dutch elections. "For instance, creating jobs".

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